Happy Tuesday, Larkers! This is Lark Digest, the trading newsletter that delivers hot off-the-press news faster than Bitcoin crashing on this fine Friday.

On today’s menu:

• WTF Happened To Bitcoin? 😬

• Get A 200% Refund For Getting Funded 🤑 

• Some Motivation To Help You Get Funded 🚀 

😬 What The Heck Happened To Bitcoin?

Folks, Bitcoin is looking real ugly right now. This has been the worst week for Bitcoin this year, and there’s blood in the streets.

But before we hit the panic button faster than the Democrats on debate night, let’s dive into what’s happening.

1/ The Party Is Over. 🎉 

Just a month ago, we were looking at all-time highs with Bitcoin hovering around $72,000 USD.

Today it’s hit $55,000. That’s a 25% drop for you math nerds out there.

2/ What’s Going On? 🤔 

1/ A Hacked Crypto Exchange.

Mt.Gox was a Tokyo-based crypto exchange that collapsed 10 years ago after being hacked. But they’re just now (finally) paying back the victims. That means roughly $9 billion worth of tokens are entering the market.

This flood of 141,000 Bitcoins is lowering the price in classic supply and demand fashion.

2/ Come On Germany 🇩🇪 

If you thought Germany’s Euro Cup performance has been disappointing, wait until you hear what they’re doing with their Bitcoin reserves.

The German Federal Criminal Police Office just moved over $195 million to crypto exchanges as they’re in the process of selling the 50,000 Bitcoin they obrained after investigating Movie2k.to, an illegal movie streaming site.

Like Mt.Gox, this is flooding the market with more supply.

Not everyone agrees with this selling spree, though. Joana Cotar, a member of the German Bundestag, has been tweeting that selling Bitcoin is a terrible idea.

Joana, we like you.

Hopefully, you can convince the government to keep holding the 40,000 Bitcoins worth over $2 billion they still have in their wallet.

3/ What’s The Plan? 👇️ 

Okay, so where do we go from here?

Bitcoin is down over 25% in less than 30 days. Is this a buying opportunity? Is the price going to go lower? What’s the Lark Plan?

First off, the Lark Plan is the same as always: Stay cool, calm and collect some pips.

Remember what our pal Mr.Buffett says? “Be greedy when others are fearful and fearful when others are greedy.” And right now the market looks more scared than a newbie trader during their first NFP release.

Here’s what we’re reminding ourselves of at Lark:

1. Volatility = Opportunity. These big moves offer a great opportunity for traders to catch a lot of pips. Don’t fear the craziness.

2. Follow The Fundamentals. At Lark, fundamentals always come first. And what are the Bitcoin fundies? A finite supply of 21 million coins and decentralization. We’ll bet on that all day.

3. What’s The Potential Upside? I never like to bank on any asset needing to make history for me to make money. Right or wrong, that’s why I don’t buy at all-time highs. With that in mind, going back to all-time highs would be over a 30% gain from current prices. Do with that information what you will.

And for us short-term traders, what do the charts say? I posted a full breakdown in our free Skool community yesterday. You can join HERE.

🤑 Get Paid For Getting Funded In July

The headline says everything you need to know.

If you sign up for a Lark Funding challenge with the code JULY200, you’ll receive a 200% refund on your second payout.

What’s what we like to call a no-brainer.

🚀 Will July Be Your Month?

Trading is tough. And the only way to keep pushing through those tough times is to stay motivated.

And what better way to do that than to get proof that getting a payout is possible?

That’s why we’d like to end the week by sharing some of our recent payouts with you.

Like you, these traders went through difficult periods where they weren’t sure if trading was for them.

But it’s only because they persevered that they managed to get their name on one of these certificates.

So, if you’re struggling, take this as a sign to keep going.

No, it’s not going to be easy. But yes, it will be worth it.

Have a great weekend,
Mr.Lark

☕️ Pre-Market Fuel

1. Putin says he's happy to work with Trump to end the Ukraine war.

2. Another prop firm just announced its closure.

🍪 Digestible Memes

Share Lark Digest

Chances are you have some trading friends. Why don’t you be a pal, share Lark Digest and earn some goodies for it?

You currently have 0 referrals, only 1 away from receiving The Trading Plan That Helped Me Pass 4 $100,000 FTMO Challenges.

Or copy and paste this link to others: https://pipmunch.com/subscribe?ref=PLACEHOLDER